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The original 1862 Act's long title was An Act to aid in the construction of a railroad and telegraph line from the Missouri river to the Pacific ocean, and to secure to the government the use of the same for postal, military, and other purposes.
This opening of a transcontinental railroad to the Pacific coast, as envisioned by the 1862 Pacific Railroad Act, came four months after the Central Pacific and Union Pacific met at Promontory Summit, Utah. On November 8, 1869, the intended western terminus opened at the Oakland Long Wharf, from which ferries connected to San Francisco. These ...
Construction of the road was financed primarily by 30-year, 6% U.S. government bonds authorized by Sec. 5 of the Pacific Railroad Act of 1862.They were issued at the rate of $16,000 ($265,000 in 2017 dollars) per mile of tracked grade completed east of the designated base of the Sierra Nevada range near Roseville, CA where California state geologist Josiah Whitney had determined were the ...
The Kansas Pacific began in 1855 as the Leavenworth, Pawnee and Western Railroad, and was later reorganized in 1863 as the Union Pacific Eastern Division. The UP Eastern was authorized by the United States Congress as part of the Pacific Railway Act, in order to create a second southerly branch of the transcontinental railroad, alongside the ...
The July 1, 1862, Pacific Railroad Act signed by President Lincoln established government funding for the construction of a railroad from the Missouri River to the Pacific Ocean in order to open a main line mail route across the western frontier. The act was officially entitled "AN ACT to aid in the construction of a railroad and telegraph line ...
The beauty of train trips used to be a key selling point. But with the Pacific Surfliner suffering the effects of climate change, safety and reliability may trump the pretty view.
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Union Pacific said Thursday that the result was an unanticipated 33% jump in the number of shipping containers filled with imports that it delivered in the third quarter, which helped drive a 6% ...